Key Takeaways
- Amnon Shashua is stepping down as CEO of Mobileye.
- The company is expanding into robotaxis and robotics.
- Shashua will remain until a successor is found.
- Mobileye has a history of innovation in automotive technology.
Leadership Transition
Amnon Shashua, the founder and CEO of Mobileye, has announced his intention to step down after nearly thirty years at the helm. This decision comes as the company is making significant strides into the realms of robotaxis and humanoid robotics. According to a regulatory filing, Shashua will continue in his role until a suitable replacement is appointed.
Company Background
Mobileye began its journey by developing computer vision chips, a product of Shashua’s research at Hebrew University in Israel. Over the years, it has evolved into a leading supplier of chips that enhance automotive safety and driver-assistance systems. The company made headlines with the largest IPO in Israel’s history and was acquired by Intel in 2017 for $15.3 billion. In 2022, Mobileye was spun off as a publicly traded entity, although Intel remains its largest shareholder.
Expansion into Robotics
Under Shashua’s leadership, Mobileye expanded its offerings beyond chip manufacturing, venturing into the development of autonomous driving systems. These systems are now supplied to major automotive players, including Volkswagen and its MOIA subsidiary. Earlier this year, Mobileye acquired Shashua’s humanoid robotics startup, Mentee Robotics, for $900 million, marking a significant step in what he refers to as “Mobileye 3.0,” a new phase focused on robotics and automotive AI.
Future Plans
In June, Mobileye announced plans to launch its own robotaxi service in a U.S. city by 2027, signaling its ambition to move beyond being a mere supplier and into the realm of service provision in the autonomous vehicle market.